Large Outflow of Money Witnessed in Alcoa

Alcoa (AA): The stock had negative money flow to the tune of ($7.85 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $24.54 million, whereas, the outflow of money on downticks was $32.39 million and the ratio between the two was 0.76. The block trade had a negative net money flow of ($3.45 million). The total block trade value undertaken on upticks was $7.53 million. On the other hand, downticks amounted to $10.97 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.69. Alcoa (AA) closed with marginal gains of 23 cents to end the day at $9.88, an increase of 2.38% over the previous days close. The stock recorded 1.23% for the week.


Shares of Alcoa Inc. appreciated by 2.17% during the last five trading days but lost 3.7% on a 4-week basis. Alcoa Inc. is up 8.89% in the last 3-month period. Year-to-Date the stock performance stands at 1.12%.

Alcoa (AA) : Zacks Investment Research ranks Alcoa (AA) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.14, which indicates as a Buy.

Alcoa (NYSE:AA): The stock opened at $9.69 and touched an intraday high of $9.88 on Wednesday. During the day, the stock corrected to an intraday low of $9.58, however, the bulls stepped in and pushed the price higher to close in the green at $9.88 with a gain of 2.38% for the day. The total traded volume for the day was 17,748,052. The stock had closed at $9.65 in the previous trading session.

Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world. It also produces and manages primary aluminum, fabricated aluminum and alumina combined, through its active participation in the aspects of the industry, including technology, mining, refining, smelting, fabricating, and recycling. The Company has investments and operating activities in Australia, Brazil, China, Guinea, Iceland, Russia and Saudi Arabia, among others. It produces three dimensional (3D-printed) titanium, specialty metals and plastic parts for aerospace, medical and energy applications.

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